2/3/11 - COST RECOVERY AGREEMENT ISSUED. SETTLING PARTIES: RICHARD RAGSDALE AND ANDREA RAGSDALE.
WITHIN 30 DAYS, SETTLING PARTIES SHALL PAY TO THE EPA HAZARDOUS SUBSTANCE SUPERFUND $20,000. IF THE PROPERTY HAS NOT BEEN SOLD BY THE EFFECTIVE DATE OF THIS AGREEMENT, SETTLING PARTIES SHALL PERFORM THE FOLLOWING:
A. SETTLING PARTIES SHALL NOTIFY EPA IN WRITING WITHIN 3 BUSINESS DAYS OF RECEIPT OF ANY WRITTEN OR ORAL OFFER TO PURCHASE THE SITE PROPERTY OR ANY PORTION THEREOF. IF THE OFFER WAS A WRITTEN OFFER, THE SETTLING PARTIES SHALL IMMEDIATELY PROVIDE EPA WITH A COPY OF THE OFFER. IF THE AMOUNT OF THE OFFER IS EQUAL TO OR GREATER THAN THE FAIR MARKET VALUE, AND IF THE OFFER DOES NOT CONTAIN UNREASONABLE CONTINGENCIES OR TERMS, THEN THE SETTLING PARTIES SHALL SELL THE SITE PROPERTY. IF THE AMOUNT OF THE OFFER IS NOT EQUAL OR GREATER THAN THE FAIR MARKET VAVLUE, THEN THE DECISION TO ACCEPT THE OFFER AND TO SELL THE SITE PROPERTY IS WITHIN EPA'S SOLE DISCRETION.